frank tang

China-focused private equity fund FountainVest acquires a minority interest in LK Technology, a China-based die casting manufacturer, for an outlay of up to $92.5 million.

Frank Tang, CEO of FountainVest Partners, is confident that now is the time to invest the $950 million his fund recently raised.

The private equity fund attracts investors with its focus on China and the experience of its founders, allowing it to increase the size of a recent fund-raising to $1 billion.